S&P 500 (CME) (H4) Intraday: key resistance at 4785.00.
Pivot: 4785.00
Our preference: short positions below 4785.00 with targets at 4758.00 & 4746.00 in extension.
Alternative scenario: above 4785.00 look for further upside with 4800.00 & 4813.00 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
4813.00
4800.00
4785.00
4772.00 Last
4758.00
4746.00
4728.00
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